Walgreens
ABSOLUTE NNN | NEW 15-YEAR CORP LEASE | STRONG OPERATING HISTORY
Marketing description
Current Real Estate Advisors is pleased to present the opportunity to acquire this Walgreens in Bradenton, FL (the “Property”), a freestanding ±15,913 SF retail building sited on 1.81 acres, located at a signalized intersection (66.6K+ VPD) of two main thoroughfares in the market – leading south to the center of Sarasota, east to I-75, north to Tampa & St. Petersburg, and west to Bradenton Beach and Anna Maria Island – connecting to the other famous tourist beaches of Longboat Key and Siesta Key, among other top beaches along Florida’s Gulf Coast.
This Walgreens offering benefits from ±13.5 years remaining on their recently renewed Absolute NNN lease (zero landlord responsibilities). Further, it includes attractive 5% increases every 5 years, as well as 12, 5-year options - demonstrating this proven corporate commitment to the location.
The Property presents a unique opportunity for an astute investor to acquire a property with long-term stability, stable cash flow and excellent underlying real estate fundamentals in one of Florida’s most sought-after markets.
Investment highlights
Strong Operating History - Walgreens has operated at this location for 29+ years and recently reaffirmed its long-term commitment by executing a new 15-year lease extension, underscoring the strength and performance of this store
Secure + Steady Income Stream - Backed by a long-term Absolute NNN lease structure with no landlord obligations, the Property benefits from 5% rental escalations every five years, delivering durable passive income and a hedge against inflation
Robust RE Fundamentals - Strategically positioned at the signalized intersection of 53rd Ave E & 15th St E/301 Blvd E (66,600+ VPD), this 1.8+ Acre site benefits from strong visibility within an established retail corridor
Market Dominance - Situated at a central intersection in the heart of Bradenton, the Property benefits from limited competition and strong demand from nearby residents and employees of major area businesses
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